Jim Jones is set to star in a leading role and executive produce the soundtrack for the film Vampire Life: The Movie. The Dipset Capo has partnered with CMG Entertainment in a multi-million dollar deal to produce and distribute the film, which will be released in December of this year.

Inspired by Jones’ Vamp Life movement, the film is described to be an action film with a similarity to the 2002 movie State Property, according to Brandi Hunter of MediaHunter Public Relations.

Shooting for the film will start in mid-September in Miami, New York, Boston, and Baltimore. Cisco Rosado, CEO of CMG Entertainment, will serve as an executive producer along with Jones for the film’s soundtrack.

“Any time you have the opportunity to partner with a established artist and businessman if Jim’s caliber, you are bound to have a successful project,” says Rosado. “We look forward in growing the partnership.”

allhiphop.com

Bad Boy Records has signed 18-year-old singer Megan Nicole.

Bad Boy founder Sean “Diddy” Combs and label President Harve Pierre signed Megan Nicole, who has over 1 million YouTube subscribers.

Megan Nicole’s covers of songs like Call Me Maybe and “The Lazy Song,” have helped her earn more than 250 million views on her YouTube page.

She is currently in the studio, recording new songs for her Bad Boy/Interscope debut.

“Megan Nicole is a complete package that I am extremely excited to add to the Bad Boy roster,” Diddy told AllHipHop.com. “She is a talented singer, songwriter, musician and entertainer. Megan Nicole is a perfect fit for the new future at Bad Boy.”

Megan Nicole was born in Houston, Texas and raised in Katy, Texas.

She made her debut in December 2009, with a cover of Kings of Leon’s “Use Somebody.”

“Megan is a great person, amazing artist and an enormous talent all around,” added Harve Pierre. “She has done an incredible job on building a solid fan base and we are here to enhance that and ensure her dreams come true. Welcome home Megan Nicole.”

Megan is currently preparing for a US tour with The Wonder Girls in fall 2012.

allhiphop.com

Another chapter of success for Tremaine. Tomorrow, his fifth album Chapter V will find itself at number one on the charts. According to HDD, it has moved an estimated 134,600 in first week sales.

DJ Khaled’s Kiss The Ring will not be too far behind at number 4 with an estimate of 40,115. Finally tallies tomorrow.